In how many years will Rs. 3951000 amount to Rs. 5531400 at 8% simple interest? MCQ with Answer and Explanation

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In how many years will Rs. 3951000 amount to Rs. 5531400 at 8% simple interest?

A. 4 years

B. 6 years

C. 7 years

D. 5 years

Answer: Option D

Solution (By JKExamLibrary)

SI = 1580400. T = (1580400 × 100)/(3951000 × 8) = 5 years.

This question belongs to: Maths Simple Interest

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Practice More Simple Interest Questions

Question #1 Report Error

Principal for Rs. 201600 interest in 9 years at 8%

A. Rs. 278000

B. Rs. 279000

C. Rs. 280000

D. Rs. 281000

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Correct Answer: Option C

Explanation:
P = (201600 * 100)/(8 * 9) = 280000.

This question belongs to: Maths Simple Interest

Question #2 Report Error

The rate at which Rs. 2133000 amounts to Rs. 2772900 in 3 years is

A. 9%

B. 8%

C. 10%

D. 12%

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Correct Answer: Option C

Explanation:
SI = 639900. R = (639900 × 100)/(2133000 × 3) = 10%.

This question belongs to: Maths Simple Interest

Question #3 Report Error

The rate at which Rs. 2268000 amounts to Rs. 2948400 in 3 years is

A. 8%

B. 10%

C. 9%

D. 12%

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Correct Answer: Option B

Explanation:
SI = 680400. R = (680400 × 100)/(2268000 × 3) = 10%.

This question belongs to: Maths Simple Interest

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